Shinko Asset Management Ltd. buys $563,917,654 stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Shinko Asset Management Ltd. scooped up 1,766,843 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 10,726,986 shares of Prologis Inc which is valued at $563,917,654.Prologis Inc makes up approximately 3.82% of Shinko Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , Highstreet Asset Management reduced its stake in PLD by selling 6,472 shares or 64.73% in the most recent quarter. The Hedge Fund company now holds 3,527 shares of PLD which is valued at $185,414. Prologis Inc makes up approx 0.06% of Highstreet Asset Management’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in PLD by selling 35,444 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 173,491 shares of PLD which is valued at $8,787,319. Prologis Inc makes up approx 0.08% of Nn Investment Partners Holdings N.v.’s portfolio.Fisher Asset Management reduced its stake in PLD by selling 14,429 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 195,212 shares of PLD which is valued at $9,887,488. Prologis Inc makes up approx 0.02% of Fisher Asset Management’s portfolio.

Prologis Inc opened for trading at $53.53 and hit $54.57 on the upside on Friday, eventually ending the session at $54.49, with a gain of 1.60% or 0.86 points. The heightened volatility saw the trading volume jump to 39,40,818 shares. Company has a market cap of $28,627 M.

On the company’s financial health, Prologis Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.59. The company had revenue of $602.00 million for the quarter, compared to analysts expectations of $551.29 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Prologis Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $48 .Prologis Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 20, 2016. UBS Downgraded Prologis Inc on Jul 1, 2016 to ” Neutral”, Price Target of the shares are set at $48.

Prologis Inc. is engaged in industrial logistics real estate focused on markets across the Americas Europe and Asia. The Company leases modern distribution facilities to more than 4700 customers including third-party logistics providers transportation companies retailers and manufacturers. The Company’s business consists of two operating segments: Real Estate Operations and Strategic Capital. The Company’s customer base represents a spectrum of international national regional and local distribution users. As of December 31 2014 the Company owned or had investments in on a wholly owned basis or through co-investment ventures properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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